The unfavourable rice returns after this Autumn's harvest seem to have largely contributed to the steady over-flooding of the governments price-pegging barrages since October. The government itself, raising on November 6 the standard price for uncleaned rice from Yen 38 to: Yen 45 a "koku," gave the signal for the relaxation of its price-pegging policy, decreed only six weeks earlier.
Thus bowing before the realities of the economic situation, the government seems however, not willing to let the trend of the retail market entirely escape its control. After a joint meeting of the Cabinet and the Central Price Policy Commission, Mr, Ryasuku Endo declared to the press that the government will "redouble" its efforts to remove the harmful effects of the increasing trend of prices," especially in their bearing on the enforcement of the Governments material mobilization programme as well as on the national livelihood,
Text read from the printed page and cleaned; old type leaves the occasional error.